However, I do not believe a DEPRESSION is likely, I was saying we were currently in one but if you look at the data....it spells STAGFLATION.

A Depression would be a gift. Cost of Energy, Goods, Service would drop and for those of US making money, would be a grand time to consume.

However, Data is pointing to higher unemployment, lower wages and Core Inflation spike. If the FED print more money, more inflation and the EMU has no choice but a Trillon plus bail out...hence more inflation as wages drop.

Lilliputians, now dig this ..... Gulliver is making this call while the market is rocketing upward with giant strides.

Dow Jones is smack right up at 61.8% retracement of the drop from the May 2, 2011 TOP that yours truly called correctly.
Oh, and dig this too - the battalion of chinese sitting just right above here aka the 200 day moving average.

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Great Depression 2 ongoing and start was called in October 2009 here ..... fast forward to today, no change in call.